In its assessment of the risks to the economic outlook, the Fed suggests it is more worried about the possibility of inflation than of a weaker economy, says vFinance Investments.

AUGUST 10 -- To almost no one's surprise, the Federal Open Market Committee (FOMC), the policy making arm of the Federal Reserve, raised the Federal funds rate 25 basis points this afternoon to 1.50%. In the statement that accompanied the release, the Fed blames the recent economic slowdown squarely on oil prices: "This softness...